2‘GST must absorb green cess on diesel cars

He expected the new structure to address levies linked to environment protection and CO2 standards, Mr. Folger said.

3Essar Oil deal may give breather to bank NPAs

Essar Oil, to the tune of Rs.28,000 crore, are still seen as standard in bank books, loans to Essar Steel, amounting to about Rs.35,700 crore, have been classified as non-performing by most banks.

It 49 per cent of their stake to Rosneft Russian investment fund United Capital Partners split 49 per cent equally.

The value of this all-cash deal, which includes Vadinar Port assets, was $1.3 billion or about Rs.85,000 crore.

4HC orders removal of ATM on government land

ATM centres of various banks on government land based on agreements between banks and “land-grabbers”.

So, the Madras High Court has ordered the removal of such ATM centres in Chennai and Kancheepuram districts.

5RBI to cut rates in early 2017, aided by weak inflation

The Reserve Bank of India is expected to take advantage of expectations that inflation will remain low in the near-term and cut interest rates again early next year with an aim to boost already-solid growth a little bit more.

Urjit Patel and his six-member Monetary Policy Committee used the same rationale for their surprise 25 basis point (bps) cut to 6.25% earlier this month.

6Samsung to invest Rs 1,970 crore in UP to boost Make in India

India Electronics on Monday announced expansion of its Noida plant with an investment of INR 1,970 crore.

A memorandum of understanding (MoU) was signed between the company and the state government for setting up a manufacturing unit in Uttar Pradesh.

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